NGAS didn't have a great summer, but the fundamental supports the continuation of the upside momentum.
I expect the chart will "breath" a little bit before the rally will continue, so today (15/8) we might see some profit taking but tomorrow the rally will continue.
I expect the chart will "breath" a little bit before the rally will continue, so today (15/8) we might see some profit taking but tomorrow the rally will continue.
Note
Anytime I analyze Natural Gas I do it on both NATGAS OANDA and Henry Hub charts.I want to see the chart touches the EMA 21 before any upside continuation, but definitely don't want to see it close at the end of the day below the trend-line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.